Economics · Economy
In the context of the flexible inflation targeting (FIT) framework in India, consider the following statements: 1. The inflation target is notified by the Central Government in consultation with the RBI for a period of five years. 2. The RBI is required to explain failure if inflation remains outside the tolerance band for three consecutive quarters. 3. The primary objective of the Monetary Policy Committee (MPC) is to maximize growth subject to price stability. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only✓
- 41 only
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1 and 2 only
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